Skip to main content

About your Search

20121219
20121219
STATION
LANGUAGE
Search Results 0 to 13 of about 14
CNBC
Dec 19, 2012 3:00pm EST
for joining us today, michael johnson, the ceo of herbalife. the markets are currently sitting around the lows of the day as we speak. the dow down by about 56 points, and that is it for "street signs" today. "closing bell" is coming up next. >> hi, everybody. good afternoon. we enter the final stretch and welcome to the "closing bell." i'm maria bartiromo at the new york stock exchange. scott, good to see you. here with scott wapner. the market near the lows on the day on fears that a deal to avoid the fiscal cliff may actually be a lot further away than we thought. >> more sparring today. deal, i don't know. if you listen to what they are saying today, scott wapner in for bill griffith. the president calling for compromise in a news conference today, but here on wall street there is a bit less optimism for the deal than we've felt in recent days. see where we sit right now. the dow is down 56 points. nasdaq and s&p under some pressure as well right now as we -- there you go. nasdaq is down six and the s&p, maria, selling off as well. >> mr. jobs, more jabs being exchanged on capitol
CNBC
Dec 19, 2012 12:00am EST
honking] >> chances are the electricity your tv is using comes from coal. coal, not oil, provides half the country's electricity, and there's a cost. miners die. >> they were great men. they were awesome men. >> that's why melissa lee says she's speaking out... >> thank you all. >> even though, she says, it's caused trouble for her in the cy. >> i was receiving phone calls making ugly comments that i need to shut up. [ticking] >> why are hundreds of freezing people gathering in the middle of the night in this knoxville parking lot? >> who's got number one? number one. number two? >> they're here in hopes of seeing a doctor. this is a clinic set up by remote area medical, a charity founded to bring doctors to the amazon, but now it's a lifeline for the uninsured here at home. >> you drove 200 miles to get here? >> yes, sir. >> and slept in this parking lot for seven or more hours? >> yes, sir. >> welcome to 60 minutes on cnbc. i'm morley safer. in this edition, we look at the hard times faced by millions of americans during the economic downturn. we begin with american families fal
CNBC
Dec 19, 2012 6:00am EST
investment decisions. we have value investor leon cooperman, he's going to join us on set starting at 7:00 eastern time. then at 8:00 eastern, we have black op co-founder and ceo ralph schlosstein. and lynn hutchins will join us. we'll talk about what they see playing out and what they think is working when it comes to the markets now. >> the bill that the president says is in the house that he will sign if -- that's in the senate -- >> the senate. >> the senate that he will sign if the house passes it is what? >> that is $. >> -- that is 250? >> 250? >> he said 400. he said, i have the pen, let's keep tax rates where they are for everyone at 250 and below. so this one, that's c these guys are pretty clever because that would keep rates where they are for everyone at a million and below. no middle-class taxpayers up to a million dollars -- >> that's no matter what, isn't it, in either bill? >>yon r -- i think it would be the same in either one. that's not -- what reid and i guess pelosi, you saw that, said she opposes the million-dollar thing. a lot of people if back on what they s
CNBC
Dec 19, 2012 4:00am EST
roth with us on set. i guess we're expecting a settlement, expecting something big. what have we learned today? >> well, first of all, i mean, the market reaction -- ubs up by 1%, can you believe that? what barclays was hit with $450 million fine, i mean, we saw a big hit in barclays' share price. this fine is three time the amount that barclays was fined. $1.5 billion or $1.4 billion swiss>>frank: francs. this is on the libor manipulation charges. ubs must pay swiss regulators $59 million in profits because the regulator can't fine ubs. the fine from the fsa is the biggest ever, 160 million pounds, $1.2 billion will go to the u.s. regulators. so the second biggest fine that was ever handed to a financial institution. of course, following that $1.9 billion fine that was given to hsbc. what we do know is that the company is admitting criminal wrongdoing in its japanese arm because, you know, around 30 traders worldwide had manipulated the yen libor between 2005 and 2010. the ceo speaking this morning says, you know, despite the troubles in the japanese arm, he does not believe tha
CNBC
Dec 19, 2012 6:00pm EST
bailout. people don't like to use the phrase bailout and the government isn't going to be made whole in this investment. i'm saying that point-blank. that's because it's so gigantic. the simple fact is also not only does gm exist, but it was capable of throwing off $5.5 billion to repay some of the t.a.r.p. investment. this thing was at death's door, now it's thriving, just like aig which also shouldn't have come back, but it did. those are two 2012 success stories that explain how robust corporate america really is and how unheralded that development is. what else? how about that the united states is producing more oil than any time in the last 17 years and producing enough to make along with canada and mexico our continent self-sufficient? plus if we were ever to harness our natural gas as a surface fuel, surface vehicles, we would become nationally self-sufficient. can you imagine what that could do? the ability to put millions to work to move this stuff to where it needs to be, pipelines, drilling, or to make our nation a better, cheaper, safer place to build a business and ultim
CNBC
Dec 19, 2012 4:00pm EST
and will join us momentarily. good to see everybody. michael, let me kick it off with you. i know it's really hard to navigate every day because every day there's a new expectation in the market, but it felt like today was about the fiscal cliff. if we go over the fiscal cliff with no deal, is that a significant issue for the markets early january? >> if we go over the fiscal cliff without a deal, we're probably looking at a 6%, 7% correction and then in my view you load up on equities. you know, maria, we're starting to put a little bit of risk on. never took risk off. not one of the believers we'd have a 10%, 15%, 20% drop like you heard a month or so ago. we stayed the course. it's actually worked out well, and we're starting to put on a little more incremental risk because of the optimism. we think there's going to be some kind of a deal. if not in the next seven days, by say the first week of january, because if there's not a deal on january 2nd the market is going to blow up and they will do something then. >> joe greco, are you preparing into? mean, do you want to watch every wo
CNBC
Dec 19, 2012 12:00pm EST
a few more of the 20 small children and six educators who were taken from us will be laid to rest. we may never know all the reasons why this tragedy happened. we do know that every day since more americans have died of gun violence. we know such violence has terrible consequences for a society. if there's even one thing that we can do to prevent any of these events, we have a deep obligation, all of us, to try. over these past five days, a discussion has reemerged as to what we might do not only to deter mass shootings in the future, but to reduce the epidemic of gun violence that plagues this country every single day. and it's encouraging that people of all different backgrounds and believes and political persuasions have been willing to challenge some old assumptions and change long-standing positions. that conversation has to continue. but this time the words need to lead to action. we know this is a complex issue that stirs deeply held passions and political divides. as i said on sunday night, there's no law or set of laws that can prevent every senseless act of violence in o
CNBC
Dec 18, 2012 11:00pm EST
running up ahead of a no deal near term? the markets are telling us we will only get some agreement on the budget and taxes. sure, our debt will get downgraded like it did last year, but maybe that is the price our government is willing to pay to get this economy moving again. here is the bottom line, it looks like they are rising above politics and it looks like they are going to give us a package that is good for business. that is surprising. last week we thought that was unlikely. i mean this thing is fluid. if we bridge the fiscal cliff, without too many spending cuts and tax increases, we could have a very good 2013. that is why the heck the stock markets rally. let's go to mark in pennsylvania. >> hey, jim, thank you for having me on your show. i'm a long-term investor with the short-term trading around a core position. um, you know, the stock only a half percent up today, down close to a full percent. the board approving coca cola enterprises, big news today with a repurchase program, and you know, we saw that go up 4.5%. my question to you, is there any relationship between
CNBC
Dec 19, 2012 5:00pm EST
20th. it's time to get the deal done. that will do it for us. thank you for being with me. stay with cnbc. "fast money" begins right now and i'll see you tomorrow. >>> when up in the capitol, there arose such a clatter. >> frankly, if you looked at it, the republicans, in the house and speaker boehner, i think, were in a position to say, we've gotten a fair deal. the fact that they haven't taken it yet is puzzling. and i think, you know, a question that you're going to have to address to them. >> i sprang from my office to see what was the matter. >> tomorrow, the house will pass legislation to make permanent tax relief for nearly every american. 99.81% of the american people. then the president will have a decision to make. he can call on senate democrats to pass that bill or he can be responsible for the largest tax increase in american history. >> and what to my trader's eyes would appear, but bickering politicians over the cliff did they steer. "fast money" starts right now. live from the nasdaq market site in times square, i'm melissa lee. here are tonight's top three trades. to
CNBC
Dec 19, 2012 9:00am EST
on cnbc's seven years ago today. happy anniversary to us. i'm melissa lee with carl and jim cramer and david faber live from the new york stock exchange. let's look at how we're setting up after yesterday's rally. particular strength in yesterday's rally. we didn't get housing starts, that's earlier today. as for the picture in europe, really the stand outout here is the euro. greece getting a five notch upgrade at the s&p. our road map this morning starts with gm. government motors no more. the treasury to exit its stake in the next 12 to 18 months, purchasing 2 million shares by the end of this month. >> another challenging quarter for fedex with the blame squarely on sandy. but the stock is up pre-market. >> oracle posts a strong quarter with even stronger guidance. the season rebound in europe. no impact from the fiscal cliff. >> and ge gets boosted from ubs's key call list on the weaker than expected macro environment. still on the list is including -- well tell you in a couple of minutes. >> general motors is up sharply in the pre-market session. the treasury department says
CNBC
Dec 18, 2012 7:00pm EST
protection. that is how you have to play this market. stay with us please. >> yesterday it looked like washington was inching towards a deal. but today, plan b could be signaling differences. we have karen b and sara fagan herself a former political director. i know what it means. no tax rates above $1 million. no tax hikes but why did bay nor decide to do that. what signal is he sending? >> i think what he is telling the president is look, i appreciate you coming around on this, i appreciate you giving, it is not enough. and i'm going to go to the floor and show you, that $400,000 is not a deal republicans are going to accept. the other thing that occurs that, is it is important for him that he gets a free pass to do his vote check. can he get the votes on thursday and if republican ares vote for a millionaire's tax increase, they will vote for people making $500,000. >> harry reid dampened the market towards the end of the day. but do you buy what sara said? >> i do. we have to read what is going on. sending signals internally. the other piece of this is this vote gives people cover
CNBC
Dec 18, 2012 9:00pm EST
50% more absorbent than a full size sheet of the leading ordinary brand. use less. with the small but powerful picker upper, bounty select-a-size. [ticking] >> so many kids are homeless, school buses now stop at cheap motels. >> i never really noticed what people were actually going through until now. until we're actually going through it, too. >> jacob braverman's family is going through it in one room. after they were evicted, their neighbors took them in. >> you think all this has changed you? >> yeah, and i haven't realized it, but i think i've gotten very mature in a very short amount of time. [ticking] [train horn honking] >> chances are the electricity your tv is using comes from coal. coal, not oil, provides half the country's electricity, and there's a cost. miners die. >> they were great men. they were awesome men. >> that's why melissa lee says she's speaking out... >> thank you all. >> even though, she says, it's caused trouble for her in the county. >> i was receiving phone calls making ugly comments that i need to shut up. [ticking] >> why are hundreds of freezing pe
CNBC
Dec 19, 2012 2:00pm EST
least. remember, that's what got us into trouble in august 2011. >> that does it for us on "power lunch." >> sue, i'm off for the next couple of days and through chris ma. merry christmas to all our viewers. see you after the holiday. "street signs" right now. >> welcome to street signs where goldy locks is in effect. we've got two generals in the news. general motors buying a big government stake back. and general mills posting a big number and its outlook and ceo of general mills is here. >>> and call them the come back kids. why some of the worst stocks are bouncing back in quarter. watch out. billionaire land grab is on. incredible story of how the uber rich are buying up america. >> a pretty dull market day. flatly in the red here. let's try to spice it up for you, folks. all three averages, despite today, on the best pace since thanksgiving week. and also the day's best performers. even though the nasdaq is slightly lower, it is up nearly 3% during three-day winning streak. this is your global market. it is at its highest level on record. we have breaking news. let's get str
CNBC
Dec 19, 2012 1:00pm EST
>>> it is final trade time. ennis, start us off. >> long chub. >> pete? >> love blackstone. steve schwartz man is running a good shop. >> doc? >> hartford. hig calls out there in next year. >> stick to emerging markets. dvye is my method of doing that. >> that does it for us. don't forget to catch more "fast money" tonight at 5:00 p.m. follow me on twitter as always @scottwapner. major averages are still fighting it out. "power lunch" picks up the ball, runs with it right now. >>> lace them up, halftime is over. the second half of the trading day starts now. >> well, just when we thought we were finally getting some movement on the fiscal cliff, talks apparently have hit a snag. president obama threatening to veto house speaker boehner's proposal plan b. he called obama irrational. where do the two sides stand right now, especially on spending? president obama says the nation has a deep obligation to stop gun violence and appoints vice president biden to lead the administration's effort on this. we'll have the details on that and look at the legal implications for gun manufacturer
Search Results 0 to 13 of about 14